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The U.S. Treasury's bailout fund lost $11.2 billion on the rescue of General Motors Co. with the government's exit of the largest U.S. automaker, a report said. The total includes $826 million that the Treasury wrote off in March for its remaining claim in old GM, the special inspector general for the Troubled Asset Relief Program said in a report to Congress on Wednesday. In December, the government had put the loss at about $10.5 billion on its $49.5-billion investment. The Treasury sold its remaining shares in GM in December, signaling the end of Government Motors, as the Detroit automaker was derisively labeled by some critics after the U.S. government stepped in with...

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The U.S. Treasury's bailout fund lost $11.2 billion on the rescue of General Motors Co. with the government's exit of the largest U.S. automaker, a report said.The total includes $826 million that the Treasury wrote off in March for its remaining claim in...

Six years after the financial crisis, regulators said that 11 banks deemed too big to fail still have produced no workable procedures to help regulators shut them down should they ever reach the brink of failure.
The Federal Reserve and the Federal...

WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...

The bank involved in the Maxine Waters ethics case says it's the leading Internet and interstate bank for black Americans, although its chairman's past run-ins with the law and denials of wrongdoing have made news for other reasons this week ... .

Several big banks familiar on the California retail scene -- including Wells Fargo, Chase and US Bank -- may soon be deemed strong enough to pay out more of their profits to shareholders. It will be interesting to see how ...